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not the higher rate called for undercurrent law of 39.6% for dividends. 20% for both. this is something that both sides are going to have to consider. see if they can regard it as acceptable it their members. once we get a conclusion to those talks, everything nailed down, then well find out whether this is bipartisan support in the senate and whether that induces speaker bainer to put a bill on the floor, even if a majority of his numbers don't support it, sue. >> john harwood, thank you very much. and john outlined it perfectly because if there is a deal in the senate along the lines of what john just outlined within will it be able to pass the house? representative marlin stutsman is republican from indian and sits on the budget committee. welcome to "power lunch" sir, good to have you here. >> thank you, sue. good afternoon. >> in the details are in this package, will that package make it through the house? >> we will have to wait and see what senate does send back to the house. the house passed its first tax dill back in august. sent it to the senate. and of cours
not the higher rate called for undercurrent law of 39.6% for dividends. 20% for both. this is something that both sides are going to have to consider. see if they can regard it as acceptable it their members. once we get a conclusion to those talks, everything nailed down, then well find out whether this is bipartisan support in the senate and whether that induces speaker bainer to put a bill on the floor, even if a majority of his numbers don't support it, sue. >> john harwood, thank you...
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Dec 31, 2012
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>> the sequestration was signed into law by the president 18 months ago. it takes effect january 2nd. it was an important part of the last debt limit discussion. there's no way in the world that you can play that forward to the next debt limit discussion. that just doesn't work. the sequestration has to go forward as it is written as the president signed into law. remember all of this, the tax piece, the sequestration and don't forget obama care taxes, all of those were things signed by the president. clearly he wanted this scenario, or he wouldn't have signed those pieces of legislation. >> i would like to push a bit more on bill's previous question about tax hikes. because if i'm not wrong and do correct me if i'm wrong, you have said before that you would not vote for the elimination of a tax cut for those making over 45 450k. that is what's on the table now. would you change your mind on that? >> i'm not going to fore close any possibility until i see what is really offered. but let's be honest. from the face of it, it looks like raises taxes in order
>> the sequestration was signed into law by the president 18 months ago. it takes effect january 2nd. it was an important part of the last debt limit discussion. there's no way in the world that you can play that forward to the next debt limit discussion. that just doesn't work. the sequestration has to go forward as it is written as the president signed into law. remember all of this, the tax piece, the sequestration and don't forget obama care taxes, all of those were things signed by...
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Dec 26, 2012
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look for a bunch of attorneys that are looking to get their name out there in privacy law. >> do you think it's going to be dropped then? >> i definitely do think so. i think the only change that is really substantial at this moment is -- you can't take instagram to a court of law outside of a class action lawsuit. they have instituted a -- an arbitration system, so it does -- it does make attorneys a little bit less prone to filing lawsuits. >> all right. but what did they learn in the meantime? i mean, the memo from the ceo seemed to suggest that the language that they used in announcing some of these privacy changes and was very confusing, you know, the fears about people being able to use their own photo wasn't actually accurate. am i reading thag right in. >> i think they are going back on think word was you can't operate insta garage the way you do facebook. with facebook, once they institute a change they go with it. they don't ever back down. with instagram you saw a very vocal audience come out and say that this is wrong, not something that we believe in, and they don't have
look for a bunch of attorneys that are looking to get their name out there in privacy law. >> do you think it's going to be dropped then? >> i definitely do think so. i think the only change that is really substantial at this moment is -- you can't take instagram to a court of law outside of a class action lawsuit. they have instituted a -- an arbitration system, so it does -- it does make attorneys a little bit less prone to filing lawsuits. >> all right. but what did they...
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Dec 28, 2012
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this is the law firm from that. i think this is a big deal and they're going to go after him hard. >> you're telling me you'd buy the stock? >> i did a few days ago but unfortunately liquidated it two days ago when it was 28. i mean, this stock traded down into the 25, 24 range. >> it is not only that. the stock has come from 50 down to 30. people are taking gains on their shorts. >> stocks may be down for a fifth straight day but our next guest sees that as an opportunity to buy, alec young, global equity strategist. >> great to be here. >> we gave the shorter-term traders something to chew on. if you are a longer-term investor are you focused at all on the cliff and should you be? >> i am. because it is going to determine my entry point. frankly the worse it gets the better because it means i get to buy stock cheaper. the cliff is all about when do you get long? i think it is the risk reward is nicely set up for risk assets into 2013. it's just a question of do you jump in now or does the cliff give you a better b
this is the law firm from that. i think this is a big deal and they're going to go after him hard. >> you're telling me you'd buy the stock? >> i did a few days ago but unfortunately liquidated it two days ago when it was 28. i mean, this stock traded down into the 25, 24 range. >> it is not only that. the stock has come from 50 down to 30. people are taking gains on their shorts. >> stocks may be down for a fifth straight day but our next guest sees that as an...
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Dec 28, 2012
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and julian epstein, democratic strategist with law media group. judd, now that you're a goldman sachs man, i assume that goldman sachs people call you and say what's going to happen? what do we tell our clients who are asking us what to do and how to play this? and you tell them what? >> well a few people occasionally call me. andrew it's gregg judd if you want to get the name right. >> what did i say? >> you said judd gregg. >> he's one of the judds. >> it is judd gregg. >> thank you. >> he's totally -- >> yanking both of your -- >> i've been having such a hard morning i believed you for about a second. >> you've got to say it's epstein like frankenstein. >> i'm good with whatever you're good with. >> my view has been all along that these folks are going to reach an agreement. unfortunately it doesn't look that way right now. they do have this meeting and i think if the president comes to the meeting with a very specific proposal versus opening the meeting up for discussion that they can discuss in the meeting specific proposals that they can deb
and julian epstein, democratic strategist with law media group. judd, now that you're a goldman sachs man, i assume that goldman sachs people call you and say what's going to happen? what do we tell our clients who are asking us what to do and how to play this? and you tell them what? >> well a few people occasionally call me. andrew it's gregg judd if you want to get the name right. >> what did i say? >> you said judd gregg. >> he's one of the judds. >> it is judd...
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i asked folks on twitter for new laws they would like to see. this is one i'm talking about from @duck42l. mandatory jail time for creating new reality shows. from @macdsurry we haver. 20 to life for people that go to sub shops and go all deer-in highlights when asked what fixins they want on sub. and @guyadami says nba players should not be allowed by law to slap teammates hand. and finally, @osubmeyr says, congress works for free in 2013 since we paid them to do nothing in 2012. i think that would get 100% of the vote. >> good luck getting that through congress. jane, happy new year to you. jane wells in los angeles. >>> tweet time. the phrase that got the most nomination this is year on lake superior's list to banish fiscal cliff. what other phrases should be banned? tweet us @squawkstreet and we'll get your responses after the break. but she's still going to give me a heart attack. that's health in numbers. unitedhealthcare. >>> time for squawk on the tweet. the phrase of fiscal cliff is on the list of words to be banished. we have asked you
i asked folks on twitter for new laws they would like to see. this is one i'm talking about from @duck42l. mandatory jail time for creating new reality shows. from @macdsurry we haver. 20 to life for people that go to sub shops and go all deer-in highlights when asked what fixins they want on sub. and @guyadami says nba players should not be allowed by law to slap teammates hand. and finally, @osubmeyr says, congress works for free in 2013 since we paid them to do nothing in 2012. i think that...
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Dec 27, 2012
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lot of times they are stolen guns or people that just obviously are willing to break the law. we have to make sure that people that are innocent, people that are law-abiding citizens, and have a right to privacy, still can be able to enjoy that and not have this infringement upon them because of the tragedy that's happened and tragedies that happen every single day. >> what they did was legal. you can get the position and newspapers can publish things that are public. still doesn't this stigmatize all gun owners that have their name published there? >> i can't see how something that's legal could stigmatize someone. and i would think that second amendment advocates would be applauding versus criticizing such a decision when there is an exercise of the constitutional right. there is a great deal of enthusiasm for the second amendment advocates behind the constitutional rights and i would think they are the first ones to applaud the action. >> you don't see anything. there is a terrible, horrendous massacre that devastated the country and broken all of our hearts and then publis
lot of times they are stolen guns or people that just obviously are willing to break the law. we have to make sure that people that are innocent, people that are law-abiding citizens, and have a right to privacy, still can be able to enjoy that and not have this infringement upon them because of the tragedy that's happened and tragedies that happen every single day. >> what they did was legal. you can get the position and newspapers can publish things that are public. still doesn't this...
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. >> i went to law school while i was working and people said, why are you going to law school when have you a career? i said, a, it won't be long, knowing me. >> 9 1/2 hours before the fiscal fiasco. john has breaking news at the white house. what do you have, john? >> i have news just confirmed bay white house official. there is two ways to raise money from people in income. one is by raising rates. we talk about the clinton rate of 39.6 being $400,000 for individuals and 450,000 for couples. but there is going to be a letter right rait under it tentative deal, still emerging, for the phase out of deductions and credits. that phase-out would begin at incomes of $250,000 for individuals and $300,000 for couples. that means that the president can say that he had campaigned on raising taxes over incomes of 250,000 in this instance for this purpose, of winding down deductions and credits, he can say that. now again, this doesn't get into the revenue goals that he sought initially in the deal but a way for him it signal to democrats that in fact i'm trying to get revenue down at lower incom
. >> i went to law school while i was working and people said, why are you going to law school when have you a career? i said, a, it won't be long, knowing me. >> 9 1/2 hours before the fiscal fiasco. john has breaking news at the white house. what do you have, john? >> i have news just confirmed bay white house official. there is two ways to raise money from people in income. one is by raising rates. we talk about the clinton rate of 39.6 being $400,000 for individuals and...
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Dec 26, 2012
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of course, stock has been the subject of a lot of tax law selling you be today, there appears to be a supply chain glitch, having to do with the touch screens that are used in the ipad mini. as a result, apple is likely to ship only a million ipad minis in the third quarter. it was expected to be 10 to 12 million. in the first quarter, 13 million of those ipad minis will be shipped at that time. melissa, back to you. >> mary, thank you. what does the chart tell you, guy, about apple, at this point? >> i felt like the momentum was back with it last week when it was trading in the 530 range. it wanted to push back to 550 and it falls off. i don't want to say falls off the cliff, but pushing back down towards this 500 level. so -- it pains me to say it, and i typically don't do it. here at 512, we're sort of no man's land. if you want to get back in it, hope it flushes down with a 480 and maybe on the upside, if you can get a breakout. bull right here, you're flipping a coin. >> dr. j, for a long time, apple selling off because of tax selling. at this point, as we close the books on 2012
of course, stock has been the subject of a lot of tax law selling you be today, there appears to be a supply chain glitch, having to do with the touch screens that are used in the ipad mini. as a result, apple is likely to ship only a million ipad minis in the third quarter. it was expected to be 10 to 12 million. in the first quarter, 13 million of those ipad minis will be shipped at that time. melissa, back to you. >> mary, thank you. what does the chart tell you, guy, about apple, at...
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so big payday for law firm and toyota deal. the big firm, of the winner, hagans berman. do you know them? >> no. >> seattle based law firm that serves as the lead council in the class action set to receive more than $300 million. not bad work if you can get it. >> how much? >> $300 million. taking a third. a little less than a third. >> -- magnetic business cards as the ambulance passes by. >> right. >> i would buy some stock in those today, right? for these guys. you wonder why texas is doing a little built better. because they have put in some rules in place. i'm sorry. >> no. >> you come from a lawyer. >> i do. but we -- my dad doesn't have magnetic business cards. we don't do ambulances. >> no, you were on the good side of things, wasn't he? >> most of the time. >> all right. not all the time? all right. yeah, you did have that sign, i forgot, from the smoker's litigation, where did that -- asbestos? where did that come from? >> the steinway? >> dock workers at four u.s. ports in the pacific northwest will remain on the job despite an ongoing labor dispute. grain shi
so big payday for law firm and toyota deal. the big firm, of the winner, hagans berman. do you know them? >> no. >> seattle based law firm that serves as the lead council in the class action set to receive more than $300 million. not bad work if you can get it. >> how much? >> $300 million. taking a third. a little less than a third. >> -- magnetic business cards as the ambulance passes by. >> right. >> i would buy some stock in those today, right? for...
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on capitol gains and dividends, the rates would go from 15% under current law for 20% for people in the top income bracket. some popular tax deductions and credits from the stimulus bill, on clean energy, wind energy, education tax credits would be preserved under this deal. unemployment benefits extended for a year. there would be a doc fix. that is preventing doctors who work under medicare from having their reimbursements dramatically cut and you've had a fix to the alternative minimum tax, protecting tens of millions of families from a huge increase in their tax bill based on some provision that was originally intended only to hit people at the top. that's what we know so far but there's still elements in play and democrats have not yet scheduled a caucus meeting in the senate to sell this deal to their members. when they do that, you can expect vice president biden to go to the hill, talk to democrats, try to persuade them to vote for this. >> you mentioned in the biden/mcconnell talks, a couple of sticking points. one is the sequestering. what was the second one? >> well, there's
on capitol gains and dividends, the rates would go from 15% under current law for 20% for people in the top income bracket. some popular tax deductions and credits from the stimulus bill, on clean energy, wind energy, education tax credits would be preserved under this deal. unemployment benefits extended for a year. there would be a doc fix. that is preventing doctors who work under medicare from having their reimbursements dramatically cut and you've had a fix to the alternative minimum tax,...
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jeff flake, now in the senate, saying listen, we have to look at this, the current system is not a law and order system, it's a lawless system, frankly, we want to get some revenue into the system? let's talk about the underground economy and get those people paying taxes like everyone else. there's a lot to be done on immigration reform. given the dysfunction in both houses, i don't think we're going to get anything on the gun front. and this is why. unless you have mitch mcconnell and/or john boehner pulling strings, nothing gets done in this arrangement with split government. and neither of those guys are going to be too keen to do anything on the gun front. so maybe get some small compromises around the corner, but i actually think you might have a better shot at immigration reform. >> actually, to put the gop on the defensive. peter, i'm for hunters, i'm for rifles, i'm for hunting, i'm for handguns. isle even for concealed handguns. how's that? but here's what i'm not for. i'm not for these automatic weapons, or semiautomatic weapons. i'm not for these hundred ammo bullet clips.
jeff flake, now in the senate, saying listen, we have to look at this, the current system is not a law and order system, it's a lawless system, frankly, we want to get some revenue into the system? let's talk about the underground economy and get those people paying taxes like everyone else. there's a lot to be done on immigration reform. given the dysfunction in both houses, i don't think we're going to get anything on the gun front. and this is why. unless you have mitch mcconnell and/or john...
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current law is taxes are going up on everybody. so how can keeping that happening for 98% of the people -- >> that's the magic formula. >> -- possibly be a tax increase. so i think it would pass. but it's not going to solve the fundamental problem. there's not enough revenue here remotely to do that. actually, my argument has always been, let's get this done, and let's move on to ground our democratic friends are not very comfortable with which is spending cuts and entitlement reform because that's where a real long-term deal has to happen. >> let me just say, you know, if tom cole had been part of these negotiations from the beginning, probably we wouldn't be here on the precipice right now. because i accept his premise, which is, what we all know -- >> you saying he should be speaker? >> that's really helping me a lot. >> i don't want to get my friend in trouble here. but what i'm saying is we all know that starting, you know, tomorrow, all the taxes reset. we have a $5 trillion tax increase. so what we've been saying is, look, l
current law is taxes are going up on everybody. so how can keeping that happening for 98% of the people -- >> that's the magic formula. >> -- possibly be a tax increase. so i think it would pass. but it's not going to solve the fundamental problem. there's not enough revenue here remotely to do that. actually, my argument has always been, let's get this done, and let's move on to ground our democratic friends are not very comfortable with which is spending cuts and entitlement...
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nobody thought that would happen but that's the law. there is another way it look at it, which is what happened to the deficit as a percent gdp and that's how the market looks at it. we did these calculations. these are back of the envelope stuff. 2012, 7%, 7.2%. had the old law stayed in effect, we would have 3% point drop in gdp. but that would have been recession. no one thought that would happen. instead what you will get is more revenue relative to what you had last year, estimated, so you go down about 6%. then if you saw what happened in 14. then overtime, just so you know, doing all this stuff will add to interest cost over time about $400 billion over ten years which escalate like this as you go forward. but one more thing, i want to talk about this thing. so what happens to the deficit? the question is whether both sides will assist on more deficit reduction. that comes to a head in a couple months. here are some questions i'm calling march fiscal madness. the administration said you know what, the tax hikes offset the need fo
nobody thought that would happen but that's the law. there is another way it look at it, which is what happened to the deficit as a percent gdp and that's how the market looks at it. we did these calculations. these are back of the envelope stuff. 2012, 7%, 7.2%. had the old law stayed in effect, we would have 3% point drop in gdp. but that would have been recession. no one thought that would happen. instead what you will get is more revenue relative to what you had last year, estimated, so you...
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. >> it hasn't got ensigned into law. there's no success yet there. >> boehner should move it tomorrow. he should just do that. >> jonathan? >> listen, the president campaigned on a three to one spending reduction and we're not see anything spending here. democrats controlled two-thirds of the chips. >> joy ann, why is this all about taxes? >> one reelection and the -- it doesn't do that much spending. >> it's been all about taxes. >> all about raising taxes. >> there's this obsession with raising taxes. >> it was to go after school lunches and elderly care, health care for poor kids and increased spending. >> no, no, no, they want entitlement reform, joy ann. why this obsession with cutting old people's medicare? >> it's not an obsession about cutting benefits to the elderly, joy ann. it's about reforming medicare over time so at some point in the future we don't tell an 80-year-old you know what? you're not going get the medicare cha you thought you would have. this is about not hurting the elderly. >> the republican so
. >> it hasn't got ensigned into law. there's no success yet there. >> boehner should move it tomorrow. he should just do that. >> jonathan? >> listen, the president campaigned on a three to one spending reduction and we're not see anything spending here. democrats controlled two-thirds of the chips. >> joy ann, why is this all about taxes? >> one reelection and the -- it doesn't do that much spending. >> it's been all about taxes. >> all about...
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. >>> herbalife hires a strategic advisor and a law firm. is the best defense a good offense? we will talk about the stock's chances of a recovery. >>> jane wells drawing the short straw at the one place that i would not want to be today. >> reporter: well, you know, i'm glad i got here at 4:00 a.m. because i was able to find a parking space. we have been talking to all these analysts. up next, we actually talk theo couple shoppers. what are they buying and returning? does the fiscal cliff even matter? over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insue q usaa. we know what it means to serve. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because pers
. >>> herbalife hires a strategic advisor and a law firm. is the best defense a good offense? we will talk about the stock's chances of a recovery. >>> jane wells drawing the short straw at the one place that i would not want to be today. >> reporter: well, you know, i'm glad i got here at 4:00 a.m. because i was able to find a parking space. we have been talking to all these analysts. up next, we actually talk theo couple shoppers. what are they buying and returning?...
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vladimir putin banned adoption into law. is the president's trip to moscow early next year still on? first, we have to get back to the fiscal cliff impasse and the president's decision to ask the senate leaders to make a deal. here now to ace cnbc contributor, biden's chief economist and jimmy path kukis of the american enterprise institute. will we have a deal by monday. >> >> think we are. if you had asked me before the president spoke i would have said no. >> why? >> because i can see a path. if mcconnell and reid can hammer out a deal that's acceptable to both of them i believe that john boehner will let that deal come up for a vote in the house, and i believe that vote will pass in the house though probably with majority democrat. if that happens, we may well have a deal. >> you said a big f, though. if mcconnel and reid can hammer something out. the senate hasn't passed a budget in years, jared. tell me, how is harry reid going to come up with something by monday? >> well, as you've been stressing for most of the show,
vladimir putin banned adoption into law. is the president's trip to moscow early next year still on? first, we have to get back to the fiscal cliff impasse and the president's decision to ask the senate leaders to make a deal. here now to ace cnbc contributor, biden's chief economist and jimmy path kukis of the american enterprise institute. will we have a deal by monday. >> >> think we are. if you had asked me before the president spoke i would have said no. >> why? >>...
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. >> they also hired shiller, the law firm. not clear why they would hire a law firm at this point. no reason given. they have hired them, which is another, hmm, wonder what they're up to kind of move. bob pisani is on the floor with what's moving today. >> we're up 24 points in the dow. and a lot of people think a grand bargain is impossible at this point. but president obama coming back from vacation in hawaii. that's an indication that some kind of deal -- however small -- is definitely coming. i want to point out, and i know you've been negative on this mastercard data on retail sales, and everybody thinks it's going to be a mess for the holiday season. i want to point out that the stocks are not acting that way. that this is a disaster for the season. the s&p retail index hit an historic high on december 3rd. historic high. since then, it has only been down about 3%. these stocks are not acting like there's a disaster. i can give you several reasons why they're not down so far. number one, we are going to see eps growth in the fourth quarter from some of them because of the ext
. >> they also hired shiller, the law firm. not clear why they would hire a law firm at this point. no reason given. they have hired them, which is another, hmm, wonder what they're up to kind of move. bob pisani is on the floor with what's moving today. >> we're up 24 points in the dow. and a lot of people think a grand bargain is impossible at this point. but president obama coming back from vacation in hawaii. that's an indication that some kind of deal -- however small -- is...
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the law of the land, looks like it will stay. although you read thing about other challenges, i don't know how likely that is. but for most of the year were people assuming it was going to stand up to all of these? >> actually, for most of the year i think people were thinking it was going to be overturned. especially around the supreme court. >> yeah. >> and there was also the presidential election. and you saw a lot of movement around, you know, these events. >> what finally benefited it when it became clear it was going into effect? >> managed care. >> is that going to continue? >> did well. and hospital did well. but that was offset by economic factors. yes, likely to continue for both. i think depending on economics, and that will be dan -- dan's will but hospitals will be more dependent on economics. >> managed care gets $30 million now? >> $30 million in 2014. we may drift for a while in managed care before we get to '14. and pharma is all about drugs, new drugs, new profits. >> right. do you macro look at the obama care t
the law of the land, looks like it will stay. although you read thing about other challenges, i don't know how likely that is. but for most of the year were people assuming it was going to stand up to all of these? >> actually, for most of the year i think people were thinking it was going to be overturned. especially around the supreme court. >> yeah. >> and there was also the presidential election. and you saw a lot of movement around, you know, these events. >> what...
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this congress over whether or not they should pay the bills that they've already racked up through the laws that they passed. >>> the budget deal boosts asian stocks in hong kong and australia hitting 19-month highs in the first trading session of the year. >>> european equities also share a deal out of washington despite more gloom from the eurozone. manufacturing has continued to contract according to the latest pmi. >>> okay. 2013, a warm welcome to viewers of "worldwide exchange." my special families to a family called the wards. thank you for hosting my family over the new year. personalities out of the way, eurozone, still looking glum despite the market reaction to the fiscal cliff deal this morning. to recap, the eurozone december following manufacturer pmi, 46.1, the flash was 46.3. the final output index, 46, weaker than the 46.1 flash, 46.1 in december. and the november number for orders 44.2. the eurozone in sort of the slowdown in the eurozone factory activity deepening in december. new orders falling. in spain it was worse, as well. let's get reaction to that despite the risk
this congress over whether or not they should pay the bills that they've already racked up through the laws that they passed. >>> the budget deal boosts asian stocks in hong kong and australia hitting 19-month highs in the first trading session of the year. >>> european equities also share a deal out of washington despite more gloom from the eurozone. manufacturing has continued to contract according to the latest pmi. >>> okay. 2013, a warm welcome to viewers of...
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the bush era tax law eliminated the marriage clause meaning that incomes of couples earning as little as $80,000 would be subject to taxation at the rate of the higher earning spouse. now as far as their wealth preservation strategies, a nationwide survey done by northern trust found high net worth persons, more than 5 million in assets, are much more proactive in anticipating the tax consequences of going over the cliff than those with a million dollars or less in assets. that same survey had 44% of high net worth individuals saying their top priority for the country is economic growth and reducing unemployment versus 19% who are reducing the federal budget deficit. >> all right, hampton. thank you very much. >>> the finance.yahoo.com poll puts you in the shoes of a member of congress. how would you handle the fiscal cliff? go vote finance.yahoo.com. the results are coming up. there you see your options. michelle. >>> tyler, one of cnbc's best known traders making a very bold call. get out of everything, everything, all cash. get the take of other -- two other wall street trading pro
the bush era tax law eliminated the marriage clause meaning that incomes of couples earning as little as $80,000 would be subject to taxation at the rate of the higher earning spouse. now as far as their wealth preservation strategies, a nationwide survey done by northern trust found high net worth persons, more than 5 million in assets, are much more proactive in anticipating the tax consequences of going over the cliff than those with a million dollars or less in assets. that same survey had...
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Jan 3, 2013
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now, it is officially law. the white house saying that president obama has signed the legislation passed by congress. as we've been discussing, another series of fiscal fights are just around the corner. s&p says the budget deal won't change its perspective on the outlook for the u.s. the state late yesterday, the agency says the budget compromise, quote, doesn't affect our view of the country's credit outlook, given that we believe yesterday's agreement does little to place the u.s.'s medium-term public finances on a more sustainable foot. . it cut the u.s. sovereign rating to double outlook in 2011. rival credit agency moody's warning that the u.s. must do more than the recently passed fiscal cliff measures if the country is to deal with its ratings outlook. the new congress will be sworn in today at noon eastern time. the 113th congress takes its oath with 56 new democrats and 38 new republicans. in the house, john boehner is expected to be re-elected speaker today. a lot of intrigue around that. speaker boe
now, it is officially law. the white house saying that president obama has signed the legislation passed by congress. as we've been discussing, another series of fiscal fights are just around the corner. s&p says the budget deal won't change its perspective on the outlook for the u.s. the state late yesterday, the agency says the budget compromise, quote, doesn't affect our view of the country's credit outlook, given that we believe yesterday's agreement does little to place the u.s.'s...
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Jan 2, 2013
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of course, you also need to add about 4% more if you make above $250,000 thanks to the health care law. still that's viewed as a favorable outcome for those dividend dash paying stocks because the fear was -- >> 40%. >> it was going to go to 40%. eff cox says t note our own dividend-paying stocks may pose some of dangers investors are missing regardless of that friendly tax rate. even as ryan lorenza, our u.s. extis strategy for tds thinks dividend stocks will pay off. jeff, why are you concerned? >> let me talk about a couple of issues. the one you is guys talked about before. we are in the early innings of this whole fiscal cliff mess and the sequestration and what not. it's going to create a lot of volatility in the market. dividend stocks underperformed last year only with a 5% return. i think they will underperform this year. second point is that we saw in december a lot of special dividend issues happening. i think that was sort of a pull forward kind of demand, and they didn't even do that well when the special dividends were happening. finally i just kind of think when you look
of course, you also need to add about 4% more if you make above $250,000 thanks to the health care law. still that's viewed as a favorable outcome for those dividend dash paying stocks because the fear was -- >> 40%. >> it was going to go to 40%. eff cox says t note our own dividend-paying stocks may pose some of dangers investors are missing regardless of that friendly tax rate. even as ryan lorenza, our u.s. extis strategy for tds thinks dividend stocks will pay off. jeff, why are...
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the whole idea was to save money, cut costs, et cetera, but you've recently said the new health care law could cause insurance premiums to doublery 2013. ? >> there's some places where the premiums will go up by 100%. a 49-year-old in texas can buy a $5,000 deductible policy that's well below the 60% threshold so if i'm at a 45% threshold policy, the and it goes up to 60%, you have a 33% increase just to moving the benefits up. >> seems crazy, that the system is broken and could still double by 2014. >> if we're going to warn americans, somebody's got to pay for it. >> how do you think it's going to pay out, who is going to or what? >> i think it won't start right away like everyone hopes it will. there won't be an october 1st, 2013, are a bright new plan available for everybody, and it's not going to be cheaper, but i think it will be a start and it will be fits rand smart. if we want to insure more americans, and in the long run if we control our krosts we can control that over time, bring in back in line. the higher proem dums you talking about, does that measly mean higher percentage
the whole idea was to save money, cut costs, et cetera, but you've recently said the new health care law could cause insurance premiums to doublery 2013. ? >> there's some places where the premiums will go up by 100%. a 49-year-old in texas can buy a $5,000 deductible policy that's well below the 60% threshold so if i'm at a 45% threshold policy, the and it goes up to 60%, you have a 33% increase just to moving the benefits up. >> seems crazy, that the system is broken and could...
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so that in effect is a tax cut from what current law was going to mean. we've got also in the bill an extension of tax credits for clean energy, for education. you've got some of the stimulus measures, expanded earned income tax credit, expanded childcare -- child exemption that was in the bill. so all of these thing are tax cuts for middle and modest income families, although they are going to lose, becky, because we did not extend the payroll tax cut, that temporary 2% cut that means about $20 a week for a family making $50,000. so that is a -- a bit of a counter drag on the economy from the whatever boost it's gotten from theection tension of middle-class tax cuts. >> i've seen that in places they're estimating as much as 0.5% of gdp growth because of the payroll tax alone. you look at that, and people expect that if you continue to want social security you're going to have to fund if t somehow. this is money that's supposed to be going to that. >> that's right. and the payroll tax cut was always intended as a temporary measure to stimulate the economy
so that in effect is a tax cut from what current law was going to mean. we've got also in the bill an extension of tax credits for clean energy, for education. you've got some of the stimulus measures, expanded earned income tax credit, expanded childcare -- child exemption that was in the bill. so all of these thing are tax cuts for middle and modest income families, although they are going to lose, becky, because we did not extend the payroll tax cut, that temporary 2% cut that means about...
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and, you know, analyses against what had been current law before this passed show that the deficit is going to be a lot bigger. of course, that's why we avoided the fiscal cliff, because people were staring in the face that the amount of deficit reduction they thought this economy couldn't take right now. >> hey, john, does this whole battle change the political swing of power, balance of power as we go into these rough couple of months into the sequester? i'm just wondering, because guggenheim came out with a note that it's raising the odds of a default on debt from 20% to 10%. they said the brinksmanship we saw in this level and what the republicans have on this fiscal cliff. >> republicans say they have leverage on the debt ceiling. the president says forget about it, i'm not negotiating with you. one of those positions is going to have to give. and we'll see. i think it is logical to say that the odds of a default have risen to some degree because that issue's not been taken off the table. i don't think it fundamentally changes the balance of power, melissa. the president is on th
and, you know, analyses against what had been current law before this passed show that the deficit is going to be a lot bigger. of course, that's why we avoided the fiscal cliff, because people were staring in the face that the amount of deficit reduction they thought this economy couldn't take right now. >> hey, john, does this whole battle change the political swing of power, balance of power as we go into these rough couple of months into the sequester? i'm just wondering, because...
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under the laws, those withholding rates are supposed to go up because, as you know, all thoughts tax cuts that were passed over a decade ago were supposed to expire. and the irs is basically on the sideline waiting to see what happens on the hill between them and the president to see if, in fact, there's a reason to tell the current employers, hold on, there will be a freeze on those rates. if, in fact, they have to go to the new guidance, consumers will start to feel very early the hit to their paychecks of having gone over the fiscal cliff, even if there's auto deal that retroactively drags us back over the top of the cliff. >> it's an interesting point. greg, thank you so much. such a mess. >>> it was better news at the box office lately. hollywood is on track to post an all-time box office record this year. film lovers have flocked the theaters to see christmas day performances of les miserables and "unchanged." >>> stick around. still to come on the show, the summer olympics and u.s. election made to 2012 a bumper user for advertisers. will that continue in 2013? we'll ask the c
under the laws, those withholding rates are supposed to go up because, as you know, all thoughts tax cuts that were passed over a decade ago were supposed to expire. and the irs is basically on the sideline waiting to see what happens on the hill between them and the president to see if, in fact, there's a reason to tell the current employers, hold on, there will be a freeze on those rates. if, in fact, they have to go to the new guidance, consumers will start to feel very early the hit to...
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there is an endless list of expiring provisions of law that will, in fact, expire if nothing is done. and i think even if something is done at this point, what you're looking at is something very scaled back, something very small and congress will have to come back next year and take a look at trying to get to some of those other issues. >> alistair here. that sounds about right to me, assuming that that scenario is how things play out. what sort of impact medium term do you think this is going to have on consumer and corporate confidence in america, given that the fiscal cliff is clearly weighed heavily on both of those in recent months? >> the sad thing, you know, from an observer's standpoint here is that there isn't much corporate or consumer confidence in the american government. and it's proved itself dysfunctional time and again over the last couple of years. what you hear now is not how people believe that there's going to be some last-minute deal, but how they remember the times that the t.a.r.p. bill, the fiscal bailout a few years ago failed on the house floor, how they rem
there is an endless list of expiring provisions of law that will, in fact, expire if nothing is done. and i think even if something is done at this point, what you're looking at is something very scaled back, something very small and congress will have to come back next year and take a look at trying to get to some of those other issues. >> alistair here. that sounds about right to me, assuming that that scenario is how things play out. what sort of impact medium term do you think this is...
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defeat transparency laws but we know how it is being used was defeating transparency law is. we're finding lawyers on the correspondence, finding possible successors to lisa jackson. her acting replacement is on the correspondence i have so far. at least a lot of questions are now being asked by congress and purportedly by epa's inspector general. >> chris, a couple of years ago my kids were really fascinated -- there was a youtube showing if you put three cell phones around a couple of kernels of corn they popped. they really don't in life. fracking. they show youtubes of water on fire. can you speak to that? >> yeah, sure. the famous clip of a faucet water igniting has been ignited for 100 years. the implication was it was because of fracking when in fact it has nothing to do with it. there was i think a regulator but an activist caught staging another issue where they were actually igniting the gas relief valve, not the water. you see matt damon's movie lifted its plot from cars 2, conspiratorial beyond belief. i think we are making up these reasons for a reason. >> i have
defeat transparency laws but we know how it is being used was defeating transparency law is. we're finding lawyers on the correspondence, finding possible successors to lisa jackson. her acting replacement is on the correspondence i have so far. at least a lot of questions are now being asked by congress and purportedly by epa's inspector general. >> chris, a couple of years ago my kids were really fascinated -- there was a youtube showing if you put three cell phones around a couple of...
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the rule of law is not widespread enough in the continent. there is a glimmer of hope such as sun nish sha. countries such as egypt still questionable. we have seen mass rioting there and growing concerns whether the new rule of law and new constitution will effectively protect investors. >> just a few years ago, there were maybe 10 frontier emerging funds. now, there's more than 300. they're the hot thing. remember, even if there is growth there, very little liquidity. that's not a real place for mom and pop investors. that's still a white knuckle place even if there is growth. >> i'm looking at global industries 52 week highs, turkey, france, uk. lithuania, japan. can those do well? >> i think so. they're coming off their bottom. europe 20 through wh-- europe 2 what was our 2008. >> you think merkel gets re-elected? >> at this point. she seems to be doing okay. if merkel gets re-elected, she will be a major outlier. the general rule of thumb for almost all politician, you never survive a debt crisis. germany doesn't have a debt crisis, the
the rule of law is not widespread enough in the continent. there is a glimmer of hope such as sun nish sha. countries such as egypt still questionable. we have seen mass rioting there and growing concerns whether the new rule of law and new constitution will effectively protect investors. >> just a few years ago, there were maybe 10 frontier emerging funds. now, there's more than 300. they're the hot thing. remember, even if there is growth there, very little liquidity. that's not a real...
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Dec 29, 2012
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if the people who are law-abiding say, i can hunt. but first of all, that means you're a bad shot if you need 30 bullets. okay? again, you have to have those folks step up. john, she can introduce the bill all she wants to. unless you have massive public pressure, which is why i got in trouble last week when i said, if one of those mothers did what mamie till says, and said show my baby in an open casket, versus the photos, it causes people to change on this issue. because we're confronted with it. we don't want to see what it looks like. we don't want to see that. >> that's why we're continuing the conversation. that's a great point about emmett till. >>> two day care workers in police custody tonight over allegations of bussing children. >>> at least 30 others have been taken off the job after background checks and criminals records including drug use. barbara starr has this exclusive "outfront" investigation. >> reporter: this little boy was supposed to be safe at an army day care center. >> this happened to military families a sto
if the people who are law-abiding say, i can hunt. but first of all, that means you're a bad shot if you need 30 bullets. okay? again, you have to have those folks step up. john, she can introduce the bill all she wants to. unless you have massive public pressure, which is why i got in trouble last week when i said, if one of those mothers did what mamie till says, and said show my baby in an open casket, versus the photos, it causes people to change on this issue. because we're confronted with...
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>> i think we need to ban gun laws that ban people from protecting themselves. all over europe there have been mass murders -- >> you're talking complete and utter -- >> people need to be able to defend themselves to the point of the crime and not for the police to come until after everybody's dead. >> what you said, mr. pratt, the gun deaths in australia and britain, they are 35 people killed a year. your country is 12,000. >> your murder rate is lower than ours, that is true. >> it's 35 against 12,000. >> your violent crime rate -- your violent crime rate is higher than ours, as is the violent crime rate in australia. america is not the wild west that you are depicting. we only have the problem in our cities and unhappily in our schools where people like you have been able to get laws put on the books that keep people from being able to defend themselves. i honestly don't understand why you would rather have people be victims of a crime than be able to defend themselves. it's incomprehensible. >> you're an unbelievably stupid man, aren't you? >> it seems to me
>> i think we need to ban gun laws that ban people from protecting themselves. all over europe there have been mass murders -- >> you're talking complete and utter -- >> people need to be able to defend themselves to the point of the crime and not for the police to come until after everybody's dead. >> what you said, mr. pratt, the gun deaths in australia and britain, they are 35 people killed a year. your country is 12,000. >> your murder rate is lower than ours,...
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>> i think we need to ban gun control laws that keep people from protecting themselves. the problem is not going to go away if we ban this or that gun, it doesn't work, doesn't even work in new england. you have had mass murders in england, mass murders -- people need to be able to defend themselves at the point of the crime and not wait for 20 minutes for the police to come when everybody is dead. >> when you said is an absolutely, the gun murder rate in countries like britain or germany or australia who have all suffered massacres many years ago of a similar nature. there are 35 people killed a year, your country is 12,000. >> your murder rate is lower than ours, that is true, your violent crime rate -- your violent crime rate. >> and they got rid of these all the weapons. >> as is the violent crime rate in australia. america is not the wild west that you are depicting, we only have the problem in our cities, and unhappily in our schools where people like you have been able to get laws put on the books that keep people from being able to defend themselves. i honestly d
>> i think we need to ban gun control laws that keep people from protecting themselves. the problem is not going to go away if we ban this or that gun, it doesn't work, doesn't even work in new england. you have had mass murders in england, mass murders -- people need to be able to defend themselves at the point of the crime and not wait for 20 minutes for the police to come when everybody is dead. >> when you said is an absolutely, the gun murder rate in countries like britain or...
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>> i think we need to ban gun control laws that keep people from protecting themselves. the problem is not going to go away if we ban this or that gun, it doesn't work, doesn't even work in new england. you have had mass murders in england, mass murders -- people need to be able to defend themselves at the point of the crime and not wait for 20 minutes for the police to come when everybody is dead. >> when you said is an absolutely, the gun murder rate in countries like britain or germany or australia who have all suffered massacres many years ago of a similar nature. there are 35 people killed a year, your country is 12,000. >> your murder rate is lower than ours, that is true, your violent crime rate -- your violent crime rate. >> and they got rid of these all the weapons. >> as is the violent crime rate in australia. america is not the wild west that you are depicting, we only have the problem in our cities, and unhappily in our schools where people like you have been able to get laws put on the books that keep people from being able to defend themselves. i honestly d
>> i think we need to ban gun control laws that keep people from protecting themselves. the problem is not going to go away if we ban this or that gun, it doesn't work, doesn't even work in new england. you have had mass murders in england, mass murders -- people need to be able to defend themselves at the point of the crime and not wait for 20 minutes for the police to come when everybody is dead. >> when you said is an absolutely, the gun murder rate in countries like britain or...
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what ends up happening is it's like any court of law, right? ultimately what happens, not that this is a court of law, a compensation fund established to mete out these claims. >> the standards are similar? >> exactly. similar standards, the but you have to show some proof. if it makes sense you would think the people overseeing it are inclined toe make out the claim. you need proof because there are those few who seek to take advantage and you want to ensure the integrity of this fund. >> what you say so true, just after the shootings in newtown there are allegations this woman in new york set up a fake donation fund to rake in money for herself in the false name of one of the victim' family members. the new york city health department said there's no association between cancer and 9/11 and the dust at 9/11. does that factor in here as well? for those who do stay have the evidence, do they have to prove that their sickness is because of it? >> it won't, and here's why. congress what they did is listen, cancer takes a long time to develop. they
what ends up happening is it's like any court of law, right? ultimately what happens, not that this is a court of law, a compensation fund established to mete out these claims. >> the standards are similar? >> exactly. similar standards, the but you have to show some proof. if it makes sense you would think the people overseeing it are inclined toe make out the claim. you need proof because there are those few who seek to take advantage and you want to ensure the integrity of this...
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Jan 3, 2013
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the statement of the ncaa, a, i believe was made before they even read the law. when we bring a lawsuit we have to believe that we have a good faith effort of winning that lawsuit, and that's what the courts are for. >> sir, you're being criticized in some cases for the timing of this announcement. christine brennan who writes for "usa today" noted you said you waited until after the football season because you didn't want to take away from the momentum of the football team, and this is what she said about that, "if this weren't just a serious topic, if this weren't so pathetic and appalling it would be laughable. who is running the state, barney fife?" your reaction? >> my reaction is she doesn't know what she's talking about. i didn't want to interfere with the momentum the team had. coach o'brien had done a great job with the team. the final decision to go forward wasn't made until october. the lawsuit then was drafted, we went through many variations and at the end of the season was when i made my decision. >> you waited -- you put football first, if the case
the statement of the ncaa, a, i believe was made before they even read the law. when we bring a lawsuit we have to believe that we have a good faith effort of winning that lawsuit, and that's what the courts are for. >> sir, you're being criticized in some cases for the timing of this announcement. christine brennan who writes for "usa today" noted you said you waited until after the football season because you didn't want to take away from the momentum of the football team, and...
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>> i think we need to ban gun laws that ban people from protecting themselves. all over europe there have been mass murders -- >> you're talking complete and utter -- >> people need to be able to defend themselves toe point of the crime and not for the police to come until after everybody's dead. >> what you said, mr. pratt, the gun deaths in australia and britain, they are 35 people killed a year. your country is 12,000. >> your murder rate is lower than hours, that is true. >> it's 35 against 12,000. >> your violent crime rate -- your violent crime rate is higher than ours, as is the violent crime rate in australia. america is not the wild west that you are depicting. we only have the problem in our cities and unhappily in our schools where people like you have been able to get laws put on the books that keep people from being able to defend themselves. i honestly don't understand why you would rather have people be victims of a crime than be able to defend themselves. it's incomprehensible. >> you're an unbelievably stupid man, aren't you? >> it seems to. he
>> i think we need to ban gun laws that ban people from protecting themselves. all over europe there have been mass murders -- >> you're talking complete and utter -- >> people need to be able to defend themselves toe point of the crime and not for the police to come until after everybody's dead. >> what you said, mr. pratt, the gun deaths in australia and britain, they are 35 people killed a year. your country is 12,000. >> your murder rate is lower than hours,...
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i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. [ clears his throat ] [ softly ] she's right behind me isn't she? we replaced people with a machine.r, what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. >>> listen to this, starting today starbucks will see reusable plastic cups. they will cost you a dollar a piece. customer also receive a 10 cent discount every time they use it to buy a drink. starbucks has been criticized over the volume of paper waste in its cups produced. the chain sold reusable cups before, but they believe this new low price for the reusable cup will actually spark new customer interest. i'm a little concerned about this because i lose my cups all the t
i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. [ clears his throat ] [ softly ] she's right behind me isn't she? we replaced people with a machine.r, what? customers didn't like it. so why do banks do it? hello? hello?! if your bank...
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legal according to state law, illegal according to federal law. any type of law enforcement presence there? >> there wasn't. even after the amendment passed, some people were smoking on the capital steps to celebrate. it is legal now after the law passed. it was signed by the governor to possess a small amount and grow e a small amount. you cannot sell it, but a private club is not addressed in the amendment. until the state house comes together and comes up with a rule, it's really unclear. the man who started this, he's a long time pro marijuana advocate here. and honstly he likes to ruffle feathers and push the limits. that's what he was doing last night. they have taken an arm's length view of it. but advocates are concerned as to whether that will continue. it's still against federal law. until they work that out between states and the federal government, it's hard to know whether establishments where the whole legalization of marijuana thing will really be able to go forward. >> which leads to the next question, how do people find out about
legal according to state law, illegal according to federal law. any type of law enforcement presence there? >> there wasn't. even after the amendment passed, some people were smoking on the capital steps to celebrate. it is legal now after the law passed. it was signed by the governor to possess a small amount and grow e a small amount. you cannot sell it, but a private club is not addressed in the amendment. until the state house comes together and comes up with a rule, it's really...
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states supreme court in a major decision, a 5-4 decision, upholds the president's health care reform law. >> you could have imagined the deciding vote was cast by the chief justice himself. conservatives done. liberals perplexed but thrilled. forging ahead, the roberts court takes on same-sex marriage. >> number nine, yahoo ceo marissa meyer. at 37, head of a major tech company, a ceo in a male-dominated field, pregnant. it's the baby part that became problematic, shall we say, when meyer decided to take just a couple weeks for maternity leave. the mommy blogosphere went nuts. sure, she could be woman in charge, but what message was she sending by not staying home longer with her baby? >> number eight, south korean rapper psy. ♪ gangnam style >> say what you want, his lasso inspired lance style first discovered on youtube, had everyone going gangnam, and we mean everyone. >> the lasso again. then the horse back. >> gangnam style. >> psy was riding high in 2012, star performer in the most watched youtube video of all time. >> number seven, republican presidential candidate mitt romney.
states supreme court in a major decision, a 5-4 decision, upholds the president's health care reform law. >> you could have imagined the deciding vote was cast by the chief justice himself. conservatives done. liberals perplexed but thrilled. forging ahead, the roberts court takes on same-sex marriage. >> number nine, yahoo ceo marissa meyer. at 37, head of a major tech company, a ceo in a male-dominated field, pregnant. it's the baby part that became problematic, shall we say, when...
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under new york law and our law is similar in new york to laws in other states, if something is a matter of public record and people who apply to have guns, that's a matter of public record in new york. the newspaper has a right to publish that and get that information through freedom of information law. the clerk in this putnam county area is now refusing to give the information out. he can be hauled into court and they will get involved. he can make the decision to deny given the information over, but this is going to be decided by the attorney general of new york and somebody in higher authority. it's an important principal with open and free public records. >> you would suspect this case everybody is getting lawyered up and who can sue the gun permit holders. can they sue the newspaper? >> they can't really. under new york law if you apply for a gun, that's a public record. the freedom of information law in new york says that some records can be kept secret. your report record fist you went to a report wouldn't be open to public disclosure, but the statute that creates the right to a
under new york law and our law is similar in new york to laws in other states, if something is a matter of public record and people who apply to have guns, that's a matter of public record in new york. the newspaper has a right to publish that and get that information through freedom of information law. the clerk in this putnam county area is now refusing to give the information out. he can be hauled into court and they will get involved. he can make the decision to deny given the information...
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Jan 1, 2013
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explain this. >> well, a new law, new year, new laws, and this is an interesting one because what it is is it basically says employers can't force you to give over your password for twitter, facebook, any kind of social media. and higher education authorities can't do it either. and it is basically, we say, twitter, facebook, these things are all public. but the right to privacy is one of the most important right we have in this country. common law right, constitutional right. and this, i think you draw the line, the lawmakers have said in illinois and california, enough's enough. you have a reasonable expectation of privacy. why did they need that information? they can't force you to give the passwords and i think that's a law that will spread beyond those two states. >> it certainly doesn't mean employers can't look at what you've got on your facebook page they can't access it. new laws in response to the jerry sandusky molestation case at penn state. how does that affect folks in oregon? >> this is a weird one too. so many people i think during the sandusky case, myself included,
explain this. >> well, a new law, new year, new laws, and this is an interesting one because what it is is it basically says employers can't force you to give over your password for twitter, facebook, any kind of social media. and higher education authorities can't do it either. and it is basically, we say, twitter, facebook, these things are all public. but the right to privacy is one of the most important right we have in this country. common law right, constitutional right. and this, i...
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Jan 2, 2013
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i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. because for every 2 pounds you lose through diet and exercise, alli can help you lose one more by blocking some of the fat you eat. let's fight fat with alli. ♪ [ male announcer ] when diarrhea hits, kaopectate stops it fast. powerful liquid relief speeds to the source. fast! [ male announcer ] stop the uh-oh fast with kaopectate. >>> 48 past the hour. welcome back. let's get you up-to-date. back from the brink. late last night, the house voted to avoid going over the fiscal cliff. it approved the bill passed in the senate just hours before raising income taxes on the wealthiest 2% of americans, but maintaining tax cuts for most people. the deal also delays automatic spending cuts. they were supposed to start kicking in today. after the vote, president obama t
i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. because for every 2 pounds you lose through diet and exercise, alli can help you lose one more by blocking some of the fat you eat. let's fight fat with alli. ♪ [ male announcer ] when...
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Jan 1, 2013
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it's unclear how the industry will operate since it remains illegal according to federal law. they are waiting for guidance from the city attorney and district attorney to see what, if any, action should be taken. but for the club owner, club 64 is the start of a major change. >> i've had so many dreams for this industry but i see it as a place where people can come together and enjoy each other's company and really be open about the use of can any bus just like they are with alcohol. >> and she says there's nothing to be afraid of. >> the worst that can happen is we'll probably be closed sooner than most bars because everyone will want to go to sleep. >> colorado isn't the only state that legalized marijuana. back in november, washington approved pot use for people 21 and older. >>> and you're in "the situation room." happening now, could the fiscal cliff deal approved by the senate turn into a no deal? key republicans still oppose even as a new deadline threatens to send both sides back to square one. >>> also, even if this deal is finalized, a lot of tough issues have been
it's unclear how the industry will operate since it remains illegal according to federal law. they are waiting for guidance from the city attorney and district attorney to see what, if any, action should be taken. but for the club owner, club 64 is the start of a major change. >> i've had so many dreams for this industry but i see it as a place where people can come together and enjoy each other's company and really be open about the use of can any bus just like they are with alcohol....
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Dec 31, 2012
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the fiscal cliff is pieces of law that were signed into law two years ago for the tax policy, 18 months ago for the sequester. it's well and good to say that congress has been aware, but the president has been aware and the president up until the last 24 years hasn't gotten engaged and to tell you the truth, you don't feel his engagement on capitol hill, not like you do in some other areas where the president has gotten engaged and i served with president george bush, and when he got engaged, you knew there was presidential engagement occurring. >> congressman, the criticism of your party is well documented. let's talk about what's happening right now. what would you support? you have this fight over raising taxes on the riches americans. letting the bush era tax cuts expire for the richest americans. would you support as some are talking on the hill, the higher taxes for people who make 450,000 a year or more? the very richest earners in america and letting the middle class keep their tax cuts? if that came out of senate, would you support it? >> if that was all involved, no, the answe
the fiscal cliff is pieces of law that were signed into law two years ago for the tax policy, 18 months ago for the sequester. it's well and good to say that congress has been aware, but the president has been aware and the president up until the last 24 years hasn't gotten engaged and to tell you the truth, you don't feel his engagement on capitol hill, not like you do in some other areas where the president has gotten engaged and i served with president george bush, and when he got engaged,...
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Jan 3, 2013
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that tax agreement was signed into law today but more cliffs lie ahead, including the very dangerous problem of raising the u.s. debt ceiling. erskine bowles is joining us right now. he's the co-founder of the organization called fix the debt, which is obviously something very important. former white house chief of staff under president bill clinton and the co-sponsor of the simpson/bowles commission designed to deal with debt relief and deficit reduction. erskine bowles, thank you for joining us. >> thank you, wolf. glad to be with you. >> first of all, had you been a member of the house or the senate, how would you have voted for the fiscal relief legislation? >> look, i would have voted for it. you know, i think going over the cliff would have been an economic disaster for the country. it was too much too quick, too abruptly and if you look at the cuts that were, you know, in the sequester, they are all in the discretionary items. none of them deal with the items to slow the rate of growth and that's the entitlement programs and it did generate a little bit of revenue for the coun
that tax agreement was signed into law today but more cliffs lie ahead, including the very dangerous problem of raising the u.s. debt ceiling. erskine bowles is joining us right now. he's the co-founder of the organization called fix the debt, which is obviously something very important. former white house chief of staff under president bill clinton and the co-sponsor of the simpson/bowles commission designed to deal with debt relief and deficit reduction. erskine bowles, thank you for joining...